Inventory Audit Sample Clauses
The Inventory Audit clause establishes the right of one party, typically the buyer or a third-party auditor, to inspect and verify the quantity and condition of inventory held by the other party. In practice, this clause may specify the frequency of audits, the notice required before an audit, and the standards or procedures to be followed during the inspection. Its core function is to ensure transparency and accuracy in inventory reporting, helping to prevent discrepancies, fraud, or mismanagement of goods.
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Inventory Audit. Provide an audit of the inventory of the BORROWER as of the last day of each fiscal year of the BORROWER . The audit shall be prepared at the BORROWER 's expense, by an auditor acceptable to the BANK. The audit shall identify the type and quantity of the assets contained within the inventory and the value for same. The audit shall be delivered no later than thirty (30) days after the end of each fiscal year of the BORROWER.
Inventory Audit. Client shall be entitled to conduct inventory audits of the Colocation Servers at its own cost, and Host shall provide assistance and convenience accordingly, however Host is not required to incur any costs and may seek reimbursement from Client for any costs incurred during such an inventory audit. If the result of the inventory audit does not match the information as stipulated in the applicable Service Order, Host shall reasonably assist Client to discover the reasons. Client shall take all reasonable steps to ensure that an inventory audit does not adversely affect the Host’s business or operations.
Inventory Audit. The parties hereby agree that LM shall conduct an inventory audit, as of October 31, 1997, of the Access Graphics Business. GE and its Representatives shall have the opportunity to observe the inventory audit. Any adjustments resulting from the inventory audit shall be taken into account in connection with the preparation of the Access Graphics Closing Balance Sheet, but shall not be taken into account in respect of the Access Graphics Balance Sheet (June 30, 1997).
Inventory Audit. NORTHSTAR shall be entitled to conduct inventory audits of the Hosted Servers regularly or occasionally, and Service Provider shall provide assistance and convenience accordingly. If the result of the inventory audit does not match the information as stipulated in APPENDIX I, Service Provider shall assist NORTHSTAR to discover the reasons. If any Hosted Server is lost, Service Provider shall indemnify NORTHSTAR against its losses arising therefrom based on the fair market value of such Hosted Server.
Inventory Audit. The inventory audit contemplated by Section 9.3 shall have been completed and the results thereof shall be satisfactory to Purchaser.
Inventory Audit. Within five days prior to Closing, Seller and Purchaser shall each appoint one or more representatives knowledgeable in the heavy duty truck business, and shall cause such representatives to conduct an audit (in accordance with generally accepted accounting principles, consistently applied) of the inventory of the Assets as of the Closing Date. Each party shall bear their cost of conducting such audit.
Inventory Audit. In the two (2) day period beginning on the fourth (4th) calendar day prior to the Closing Date and ending on the third (3rd) calendar day prior to the Closing Date, the Sellers shall (or shall cause their Subsidiaries or representatives to) conduct a physical count of all Inventory and Excluded Inventory (the “Physical Count”) located at any location (including, without limitation, Contract Manufacturers’ premises) where the total value of Inventory exceeds fifty thousand dollars ($50,000) (each such location, a “Confirmed Inventory Location”). At least seven (7) calendar days prior to the Physical Count, the Sellers shall notify Purchaser of the address of each Confirmed Inventory Location and the date(s) and time(s) when the Physical Inventory is scheduled at each such Confirmed Inventory Location and shall provide Purchaser with a schedule setting forth (A) the Inventory and Excluded Inventory located at each Confirmed Inventory Location and (B) all Inventory and Excluded Inventory. Purchaser and its Affiliates and their respective Representatives shall have the right to monitor the Physical Count as well to have access at such reasonable times and to all such Confirmed Inventory Locations as Purchaser may reasonably request to conduct an inspection of all Inventory and Excluded Inventory located at such Confirmed Inventory Locations. Based on the Physical Count, the Sellers shall confirm and identify all Inventory and Excluded Inventory at each Confirmed Inventory Location (such Inventory and Excluded Inventory, the “Confirmed Inventory”).
Inventory Audit. VaxCare shall be entitled to conduct VaxCare Vaccine and Public Vaccine inventory audits from time to time, at its sole discretion. Administrator shall provide VaxCare access to such inventory within five (5) business days of any request by VaxCare for such access. If Administrator fails to grant VaxCare access to such inventory or perform an internal inventory audit within the time period required by this Section 5d, all VaxCare Vaccine that VaxCare’s records show are located at Administrator’s site shall be deemed not accounted for and Administrator shall be charged, and shall pay, the Vaccine Fee for all such VaxCare Vaccine.
Inventory Audit. CTG shall be entitled to conduct inventory audits of the Co-location Servers regularly or occasionally, and Service Provider shall provide assistance and convenience accordingly. If the result of the inventory audit does not match the information as stipulated in the applicable Service Order, Service Provider shall assist CTG to discover the reasons.
Inventory Audit. Micron will grant reasonable access to the Joint Venture Company’s personnel or appointed auditors to conduct an annual inventory audit of the inventory of WIP and Probed Wafers. Such annual audit shall be coordinated by Micron according to its standard inventory procedures and shall be conducted in such a manner as to minimize disruptions to the performance Micron’s operations and business affairs. Any such annual audit will be pre-scheduled to coincide with a monthly, quarterly or yearly cut-off as reported by Micron or as otherwise agreed to by both Parties.